Interim report January - September 2009
(Thomson Reuters ONE) - * Net turnover for the reporting period July- September 2009 amounted to SEK 12.0 m (19.6). For interim period January - September net turnover amounted to 35.5 m (49.7).* The result after tax amounted to SEK -27.5 m (-21.6) for the reporting period July - September. For the interim period January - September the result after tax amounted to SEK -491.2 m (20.1). The lower result is explained by value changes, SEK -438.2 m (32.0) and realized losses, SEK -15.2 m, in the property portfolio.* During the third quarter the properties owned in participations have been revalued by 111,0 (0,0) MSEK. For the full interim period these assets have been revalued by 97,0 (-8,0) MSEK. Most of this, 89.0 MSEK, have been recorded against equity and does not affect the income statement.* Earnings per share amounted to SEK -2.42 (2.58) for the reporting period July- September and to SEK -43.23 (2.92) for the interim period January - September.* Book value of the properties (including participations) amounts to SEK 1,373.3 (1,937.8) m.* Ruric continues its efforts for extending the investment agreement on Moika/Glinki.* During the third quarter there were signals of continued recovery in the Russian economy. Even though no transactions are carried out in the property market in Saint Petersburg, a higher level of activity can be sensed. More investors are assessing that the property market has passed the bottom.* After the end of the period, a public offer has been made to holders of the company's bonds regarding exchange/acquisition of the bondsAttached: Interim reportFor additional informationCraig Anderson, CEOPhone +46-8-509 00 100,(Sthlm) +7 812 703 35 50 (St. Petersburg)e-mail craig(at)ruric.comweb www.ruric.comRuric's business concept is to acquire, develop, manage, let anddivest real estate in St Petersburg, Russia, with a focus oncommercial premises of the highest quality in the best locations thatcan thereby contribute positively to the business of the tenants. Thecompany has the vision of becoming a leading real estate company incentral St Petersburg.The strategy is to identify real estate with great potential in thecentral parts of St Petersburg, create suitable acquisitionstructures and acquire at the best price. After renovations,commercial premises of the highest class are offered to tenants thatare looking for the best possible premises in the best locations andare willing to pay for it.Ruric's Certified Advisor on Firt North is Erik Penser Bankaktiebolaghttp://hugin.info/141656/R/1351090/326388.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 29.10.2009 - 08:56 Uhr
Sprache: Deutsch
News-ID 7599
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